Patient's status is guarded, upgraded from critical

10:37 AM,
Jun. 10, 2013

Written by

Richard
Scamehorn

The economy's health has improved, but the doctors at the Federal Reserve "hospital" still think the patient is critical. Where do we stand? There are so many signals and so many are completely mixed-up.Even Germany is slipping

Europe is sliding backwards and Britain narrowly avoided a triple-dip recession. Almost every country across the pond undertook austerity on the advice of the EU Commission, the IMF, the OECD and the World Bank. In the past six months, most of these oracles now want the governments to switch back to "economic easing."